tv [untitled] July 14, 2011 5:30pm-6:00pm EDT
guys are this is the kaiser of four gold i'm telling you and euro's and british pounds u.s. dollars all across the world people want gold and out both the currency matrix to see her tell me more well max the entire world's financial system is once again crumbling and part of the reason of course is the oligarchies that rule our world and have not faced justice for that because they are part of the all the darky there's no differentiation between the heads of these banks and the heads of the government but also importantly the other important the greedy and is propaganda and how propaganda confuses the populations in the west half of us social program recently and believe they have not used
a government social program so this is from the united states and if you look at this chart of the top four demonstrating the most ignorance of being we sippin of government welfare. three out of four of them are referring to higher education that is the five twenty nine or coverdell which sixty four point three percent of people who receive this government funding don't even know they're receiving taxpayer financed help home mortgage interest deduction hope or lifetime learning tax credit and student loans are also the people who receive this government assistance are completely ignorant of receiving government help or sort of propagandists in other words all day long and all the major media in the united states you hear this we don't want socialism we are pure capitalism and but in reality every single one of those frickin losers on some government sponsored
social program to one extent or the other but because of propaganda they don't even know they're on a social welfare propaganda tell us more of the good cells flomax this is from boeing boeing and with the way cory doctorow explains it he says keep your government hands off my medicare phenomenon writ large a society of people who subsist on mutual aid to redistributive policies who have been conned and cons themselves into thinking that they are rugged individualists and that everyone else is a parasite so where do they get that mis notion of course it's from the likes of fox news where you hear over and over and over and over again the welfare people are those black people who live in public housing and you see those people way down the bottom of the list twenty five percent of food stamp recipients don't realize they're receiving government aid seventy five percent know it which is pretty shocking actually that twenty five percent don't know where they get it from you know. the ones that they do know the deal that they're getting by the mayor and the
people on the top don't know actually they're also getting by the man yet so the bottom is told constantly by the media and the media distracts the upper middle class and the middle class people. from the fact how much of the redistributive policies benefit them they don't reason they don't know they're receiving these benefits so that's why they're out there you know shouting to the politicians to get rid of those welfare bums when they get themselves out of welfare bums and i bet you anything that if they questioned bankers because i don't see them represented on this but i bet you one hundred percent of bankers like lloyd blankfein who said they don't need any help from goldman sachs we don't use any help from the government but we know for a fact they've received trillions and help oh absolutely one hundred percent of their entire existence is due to the large debts the government assistance to redistribution of wealth these are be the government to these should mottoes on
wall street who are adding nothing to society they are the parasites they are the leeches well you know on a number of regards because first of all while some of them will recognize that tarp was there they know that's a government program but it's the taxpayer and their triple a rated debt that backs these banks they give these banks zero percent money to to speculate around the world and to destroy their economy. unlimited capital available to them and zero percent interest rate to speculate with and if they make a bad bet they get bailed out so it's actually linux playing something here so there is a betting strategy involved it's called the martin gayle betting strategy if you go to the roulette wheel and you put your money in red if you lose you just double your bet and you keep placing that money and read until eventually you win and this is called the martin gal betting system and the problem of using it in a country like america when you have banks like goldman sachs and j.p.
morgan using them are betting system using derivatives in unlimited borrowing and cash is that it destroys the currency so what goldman sachs and j.p. morgan are saying is like we're just going to keep placing our bets on the same read on the roulette wheel global to rivers markets and we don't care if it means the. destruction of america the global financial system and the us dollar to me that is the equivalency of any brazen act by any extremist wielding any type of weapon anywhere and yet nobody is stepping in and cutting these people off from their own limited free credit and their bogus attempt to win by rigging these markets well we talk about this propaganda and how it changes the outcome of our economies and our political systems so eric cantor hit by democrats for potentially profiting from us the fall house democrats are circulating a resolution accusing house majority leader eric cantor of having
a conflict of interest in the debt ceiling debate a move that could provide an awkward c.-span moment for one of the lead republicans in the budget negotiations well ok so eric cantor is not just making a little back it's not like ok he bought gold or silver he's going to profit if if the u.s. collapses and he's taken an active bet he owns pro shares trust ultra short twenty year treasury e.t.f. nursery but you're short all to short double down betting that the american bond market will collapse because they don't hit the debt ceiling resolution in any reasonable period of time thus he cashes in on the ensuing chaos now this is jihadi bankers and brokers who are willing to blow themselves up to make a quick buck so go of clashing back to nine eleven eric cantor would be one of those guys who bought airline puts on the airlines right before they crashed into the towers profiting from the deaths on nine eleven that's the kind of financial
terrorist eric cantor is proven by him buying double down short government bond e.t.f. and then making sure that the debt ceiling becomes a chaotic situation that's why the actual terrorism that's treason if you mention them are in gal technique and this is you know. are politicians in the united states striving to destroy the economy i mean is this them doubling down over and over is he he's doubled down on this like how long has he been is he is he making up for losses like has he been trying to make it default and it hasn't yet succeeded and they haven't yet been downgraded and they haven't yet triggered a credit event but meanwhile they're destroying greece as we know through their acolyte in the region the i.m.f. they're destroying now looking at italy spain they destroy ireland and of course guys like eric cantor make millions of dollars by destroying these countries and making these bets and insider trading is legal in washington the shadow banking system is fourteen trillion large so
a lot of stuff is off the books unregulated unseen and they're just laughing at the american people eric cantor is laughing at the american people so i don't know why i can laugh at the american people if they weren't on senators last of what you made you mentioned agree some particular increase went down that slippery slope of oblivion because prop enjoy you know and the likes of their oligarchs who own all the country started making bets against their country so once they had that incentive once they owned be insurance products that only go up in value that are worth nothing if the economy doesn't collapse if the same with this product that eric cantor own is worth zero if the economy does not collapse right you can make the argument that it's some german well managed well balanced portfolio this is the equivalent of improvised explosive devices killing marines in iraq from the terrorist eric cantor is the same thing he's a terrorist trying to kill people in america using improvise exploding financial
devices let's move on to another place where you know he's being attacked financially collapsing anyway is italy italy orders short sellers to disclose positions and this is interesting because italy's financial market regulator moved to curb short selling after the country's benchmarks. stock index fell the most numbers five months and bonds tumbled on investor concern italy would be the next victim of the reasons debt crisis so the regulator is forcing short sellers to reveal their positions when they reach a point two percent or more of the company's capital but the original headline of this article which they failed to capture was that they were going to ban naked short selling but that changed they haven't banned that goal they often confuse the two short selling per se it is a perfectly acceptable strategy in the market offsets buying stocks using borrowed money or margin selling short would be the equivalent of the sell side because you're doing that also in a margin account so these two balance each other out and create
a fair price discovery that's fine but naked short selling is counterfeiting this is when you sell stock or security in this case that doesn't exist you're simply selling something that doesn't exist in the hopes of fooling the price discovery mechanism the specialist into falsely creating a negative downward pressure on prices using counterfeiting and to get more technical about it the way it's counterfeit is that the obligation to deliver the shorts within the three day period is ignored and the regulatory agency that's set up to count that stuff doesn't exist anymore so this is clearly a case of outright fraud well greece in that case when there are countries being attacked by naked short selling popping trio came out and he said i'm going to ban naked short selling what he did in fact was widen the window for which people could short it to five to ten days so in fact he was doing the exact opposite so you could probably look for berlusconi to be doing the same right exactly the three day
period or five day period of the trade settle when they reconcile all the buys and sells he extended it to ten days which is the exact opposite of trying to. diminish the naked short selling and supply increasing is throwing gasoline. to the naked short selling soap opera a incredibly stupid be incredibly corrupt worst see all of the above well let's stick back here with italy because greece ireland and portugal are gone or is but those countries are less than four hundred billion dollar commies now we're going we're seeing spain and italy attacks but italy is a two trillion dollar economy with two thousand tons of gold twenty four hundred tons of gold and. the second biggest position in the euro zone and that's the mother lode bethink that's been the target all along the greece the ireland portugal those are side shows there are little micro countries not much of a deal there but italy's got actual gold at the i.m.f.
and the people who support the i.m.f. the terrorists as i mentioned like they're a cancer they're helping to facilitate the thieving of that twenty four hundred tons of gold because that is meaningful yeah of course because they need that gold because of course is the i.m.f. going to get the airport landing fees from naples or sicily. you know but italy is a country to look at it i mean it's kind of girl a scone e is a media tycoon he owns ninety percent of the media there he's the murdoch of italy yeah even more than that but this is why you know this ugly old buffoon who runs a country into the ground. and the population seems happy with it because he has lots of breasts on his television shows and in all his media and porn stars that he nominates for it to run the economy and they seem all perfectly happy with that but when i'm out comes and takes their gold i think somebody else is going to have the
who have destroyed democracy certainly in italy and now it turns out destroyed the economy but i want to turn to murdoch everybody's covering the story of course but he is a media tycoon has who has destroyed democracies and economies based on his propaganda and i want to show how this is systemic and systematic the way he is treated by politicians and justice around the world and why we continue to find ourselves in economic collapse all these years later and put it's part of the political collapse first take a look at this picture this is rupert murdoch last weekend arrives in london and meets with rebecca brooks who was the editor of news of the world until two thousand and three and when asked what his top priority was according to the daily mail the eighty year old media mogul gestured to mrs brooks she is he replied
not the victims not the shareholders b. sky b. shares plunged as news corps bid mired in uncertainty it's first of all it's mired in uncertainty the guy should be in handcuffs the whole entire team should be in jail right now but here's how the guardian reports bloomberg they say reported that is many b. sky b. shares changed hands in the first ten minutes of trading then as in a normal day but there were also signs that some institutional investors were buying up b. sky b. shares often from. hedge funds who are bailing out of the company what does that tell you max oh it's already that it's got a great relationship with banks the same banks of the government bailed out are now buying shares of these guys be on the behest of murdoch and it collusion that is again completely out of thema to the sense of fair play and democracy in the marketplace again it's a fraud it's perpetuating a fraud and let me just put make
a little side here the who's the biggest shareholder to come to the knox defense on day one but a saudi prince who's a big shareholder and of course the saudi arabia is a perfect example there is a country that's completely in the throes of a dictatorship of pernicious dictatorship forty the wealth and income gap is probably the highest in the world that's what the murdoch's aspire to they aspire to lords and serve they speier to the divine right of schlepped and knocked. dictators well going back to the story about hedge funds ditching the shares and selling them to institutional investors institutional investors are also of course the passive funds of a pension fund so these once again all the risk all the toxic waste all of the fraud all of the bad stuff gets dumped on to passive investors us chunks whether we're you know taxpayers or peasants in these this oligarchic system we get down to with the risk whatever you want it doesn't matter it's what happened there we saw
the same thing with british petroleum there were other reasons why they weren't fully prosecuted for their gold logical whole cost is because they said oh well everyone owns their pension account you don't want that to go down to you so they've made everyone a complicit in the crime and you see this now all over the place this is one of the problems in this shareholder owning society is that the oligarchs can come back and say well you own a little bit of a share here in your employ implicated if you prosecute me then you're guilty and of course that is a full lation. argument that's tied to a sense of entitlement that a guy like murdoch has that it goes against any notion of a democratic society bordering on treason and i guess sixteen and ninety john locke making his statement when the social contract is broken a revolution is required basically rupert murdoch has delivered to us
a democracy and this is how this continues we no longer have the rule of law we have only democracy and you can bet your bottom dollar he always sticks with one party in the u.s. it's republican in the u.k. it's. it's basically conservative even if it's under the guise of new labor like tony blair is a conservative was ok so he establishes a hyper partisan democracy where half the population will not ever see that he is doing any wrong or the audience of fox news will they be shocked that he tapped the phones of nine eleven victims know he won't really know and of course their defense they say something about free speech this is the right to run regulated protects free speech and they're broke the law and they're justifying their getting out their so-called truth as justifies or breaking the law so let's see if the department of justice will get involved because news corps is a u.s. listed company rupert murdoch's news corp could face one hundred million dollars
bill for u.s. investigation into police payments dr evil here one hundred million dollars fine they're facing for forty four billion dollars going to be in los angeles or clear about this that all it means is that they call of gold or morgan and they borrow one hundred million which then morgan will put on to the taxpayer tab as part of the overall bail out so this potential hundred million dollars would only happen if the u.s. department of justice decides to investigate based on america's foreign corrupt practices act so basically american listed companies aren't allowed to bribe foreign officials or police or royal protection officers. well you know the u.s. justice system is got some cards to play and i mean clearly in lust you want to just say that nine eleven was a joke and a bunch of financial mercenaries died on that day and we shouldn't give
a flying hoot about it but unless you feel my way then you should prosecute rupert murdoch to find out and stop complaining you're whining babies but he's like first the u.s. department of justice has an investigative cheney which they haven't done that yet for his being the. executive during the time that kick k.b.r. was bribing nigerian officials i remember it turns out that they just paid him the nigerian officials two hundred fifty million something crazy to make sure there was no investigation there and search seeking to raise the debt ceiling because they got all these others and millions of dollars of the brothers so cosily are adding up to go another two trillion of bribes so let's look at how other people inside britain are treated by u.s. justice and the british justice system for similar crimes to what rupert murdoch rebecca wade brooks are being accused of us anti-piracy body targets foreign website owners for extradition british website owners could face extradition to the u.s.
on piracy charges even if their operation has no connection to america and does something which is most probably legal in the u.k. this according to the u.s. is immigration and customs enforcement official eric barnett he says that as long as the websites address ns and dot com or dot net it is implicated in the spread of pirated u.s. made films t.v. or other media it is a legitimate target to face extradition to the u.s. and his quote defending this decision is this max i'll give you an analogy a lot of drug dealing is done by proxy you rarely give the money to the same person that you get the dope from i think the question is are any of these people less culpable but first of all. close calls fair years which ninety percent of the time the people that they're going after are simply using their constitutional fair use right so they're the ones that breaking the law number one second of all let's talk about this copyright thing for a second to the people that murdoch hacked into the seven seven bus bombing victims
that soldiers are killed in foreign wars they have their stories their the it's their stories they own their stories and their story has a monetary value obviously because it moves millions of units of papers ok. so that's a copyright violation right there because copyright law under you digital millennium copyright act freaks you have the ownership of your own story still to this day you haven't figured out how to genetically remove people's personality from their skeletons yet so the fact that murdoch uses their stories to sell papers is a direct violation of the digital millennium copyright act he has broken copyright law thousands tens of thousands of times george michael yet to be covered by the r i a bestselling musician he's now very involved in this as well because his phones were tapped and he says his computers were hacked so he had definitely has our i covered material that they would have had they would have listened to they would
have listened to you which is an act of of copyright infringement that's right so this they're eating their own tail here they've passed a law that makes no sense and now they're being proposed by well with this copyright story the u.s. is seeking the extradition of a twenty three year old from britain to america because he linked to something that was copyrighted now let's look at this hacker ryan cleary could be extradited to u.s. to face court over cia computer attacks again this is the duplicity that is treated here is a i guess he's a teenager autistic teenager they're seeking his extradition because he hacked into a computer he faces ten years in prison in the united states. where is rupert murdoch for hacking george michael's computer my summer and industrial strength hacking across hundreds of thousands of accounts probably because they already know that thousands are probably represents the tip of the iceberg meanwhile one or two
garden variety teenagers who happen to run afoul of this ridiculous law are being treated like rank terrorist and subjected to the harshest penalties of the law ok max and where we started and that was where we said that the propaganda from fox news in america leads many people to not realize that they themselves are the welfare queens they so despise visa europe blocks leaks donations through payment site so here's rupert murdoch's press in the u.k. in the u.s. who hammers on and exposes the luxury lifestyles of people living in prison or on food stamps then there's julia songe who exposes the genuine extravagance of the mubarak's and bellies of the world who have stolen hundreds of billions from their populations with the help of the big banks on wall street i might add. and
it's julian a son who is marginalized and attacked financially by the likes of visa and master card well david cameron pleads with rupert murdoch please reconsider your bid for b. sky b. you don't do it please. well in describing here is the disconnect between rich and poor which has been going for a couple of decades is spilling over into almost every single aspect of the law there's two sets of laws for copyright there's two sets of laws in banking there's two sets of laws almost on every piece of the jurisprudence spectrum that you could imagine and that is clearly a breakdown in the social contract i don't know how else to describe it it's a complete separation from the clock to crowds that are running away with the wealth versus everyone else let's start there eating dirt like in haiti we're all becoming like haiti all right here well that's all the time for we have thanks so much for staying over and going through some of this stuff for us thank you thank
you alex and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert if you want to send me an e-mail please does kaiser report at r t t v are you and so next time this is max foster saying. hey charlie here broadcasting live from washington d.c. coming up today on the big picture.